Here Are Your Options As Student Loan Payments Resume
Nearly half of all borrowers say they aren't financially prepared to begin repaying their debt. Despite this, interest began accruing again on Sept. 1, and payments will be due again in October.
Nearly half of all borrowers say they aren't financially prepared to begin repaying their debt. Despite this, interest began accruing again on Sept. 1, and payments will be due again in October.
The Biden administration has begun the process of creating a new plan for widespread loan cancellation and implementing the SAVE Plan, which will cut monthly payments to $0 for millions of borrowers. There will also be a 12-month “on-ramp” period to ease borrowers back into making payments.
For many borrowers, qualifying monthly payments that should have moved them closer to forgiveness were not accounted for, effectively forcing them to make extra payments under their IDR plans.
Short-term plans offer limited coverage, can deny coverage based on pre-existing conditions, and trick consumers into buying products that provide “little or no coverage when they need it most."
Nationwide, more than 45 million people owe $1.6 trillion in federal loans for college, according to government data, and as many as 43 million of them stood to benefit from the cancellation program.
This funding’s aim is to help connect the estimated 8.5 million families and small businesses nationwide that still haven’t been able to access the full capabilities of modern technology.
The Biden administration has invested billions into improving mental health care in the United States.
In Arizona, 250 infrastructure projects have been announced so far, and more are in the works. Here’s a look at the work that’s being done in the Grand Canyon State and how it helps Arizonans.
About 90% of the benefits from Biden's plan will go to families earning less than $75,000 according to the White House, but a group of Republican-led states have sued to block it.
The bill’s signing comes as Democrats and LGBTQ advocates have expressed growing fear over the possibility that the landmark 2015 Supreme Court case Obergefell v. Hodges—which legalized gay marriage nationwide—could be overturned following the Court’s decision to strike down Roe v. Wade earlier this year.